COMESA Common Market AfricaCommon Market for Eastern and Southern Africa (COMESA) Customs Union. Free-Trade Area
The objectives of the subject “Common Market for Eastern and Southern Africa (COMESA)” are the following:
Common Market for Eastern and Southern Africa (COMESA) The Subject “Common Market for Eastern and Southern Africa (COMESA)” belongs to the following Online Programs taught by EENI Global Business School: Doctorate: African Business, World Trade. Masters: Business in Africa, International Business, Foreign Trade. Courses: Business in Central Africa, East Africa, Southern Africa. Masters adapted to the countries of the COMESA: Eritrea, Eswatini, Ethiopia, Kenya, Mauritius, Malawi, Seychelles, Sudan, Uganda, Rwanda, Zambia, and Zimbabwe. Languages: or COMESA COMESA COMESA.
The objective of the COMESA is to develop a Free-Trade Area removing all the internal trade tariffs and barriers. COMESA: 50% of the FDI inflows in Africa. COMESA (Common Market for Eastern and Southern Africa). The COMESA strategy is the “economic welfare through the regional integration in the Southern African region.” The COMESA members economies are Burundi, Comoros, DR Congo, Djibouti, Egypt, Eritrea, Eswatini, Ethiopia, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Somalia, Sudan, Tunisia, Uganda, Zambia, and Zimbabwe. South Sudan, has requested the access to the COMESA.
The COMESA Free-Trade Area was achieved in 2000 when nine of the COMESA member economies (Djibouti, Kenya, Madagascar, Malawi, Mauritius, Sudan, Zambia, and Zimbabwe) eliminated their tariffs on the originating products from the Eastern and Southern African Countries. This followed an Foreign Trade liberalization programme that started in 1984 on the reduction (and eventual elimination) of the tariff and non-tariff trade barriers in the COMESA region. Burundi and Rwanda joined the COMESA Free-Trade Area in 2004. These eleven economies of the COMESA Free-Trade Area have not only eliminated the customs tariffs but are working on the eventual quantitative restrictions and other Technical Barriers to Trade (TBT) elimination. Other objectives related to the COMESA trade promotion are:
The Common Market for Eastern and Southern Africa (COMESA) plans to become a Customs Union. The Common Market for Eastern and Southern Africa belongs to the African Civilization: The Eastern and Southern African Trade and Development Bank was created in 1985 following the dispositions of the Treaty of 1981 establishing the Preferential Trade Area, which has since been transformed into the Common Market for Eastern and Southern African States (COMESA), as a financial arm of the integration agreement. Trans-African Corridors in the COMESA region:
The largest ports in the COMESA region are: |